When you are trying to buy or sell a home or keep from losing your home you must get someone to value the home based on a set of criteria. For obvious reasons banks don’t trust individuals to value their home because everyone has memories attached that cannot be erased. This is why the bank will select an appraiser but the individual who is buying or selling the home must pay for the appraiser.
“Appraiser: a professional with knowledge of real estate markets and skilled in the practice of appraisal, a written estimate of a property’s current market value. When a property is appraised in connection with a loan, the appraiser is selected by the lender, but the appraisal fee is usually paid by the homeowner.” This definition is provided by the Federal Government.
Appraisers don’t just take a test and suddenly start evaluating homes, they have a process that they must undergo and scrutiny to deal with. Real estate, market value and the quality of a home must be the key things in an appraiser’s life and these are still just a few of the objects needed. To make sure that you have a fair appraisal by a reputable appraiser you can call the Law Office of Thomas J. Sherwood to verify the identity if possible.
Don’t waste any more time worrying about how to pay your mortgage, contact the experts today by phone at 813-612-5697 or 877-246-4486 or by email at Sales@TSherwoodLaw.com.
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